- ST Engineering (SGX:S63) has delivered total returns of 20.5% over the past 12 months, outperforming the broader Straits Times Index by 19.0% over the same period based on ST Engineering's share price as of 4 March 2024
FY23 net profit growth of 10% –
- - Read this at SGinvestors.io -
- capital recycling to manage gearing levels, and
- driving operational leverage and margin improvement in core businesses.
Segmental updates
Commercial Aerospace (CA)
- - Read this at SGinvestors.io -
- Looking ahead, ST Engineering provided a positive revenue and margin outlook as Asia’s aviation recovery and higher “workscope” will continue to drive MRO demand while the appetite for new aircrafts would support the nacelle business.
Defense & Public Security (DP)
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-03-05
Read also OCBC's most recent report:
2024-08-14 ST Engineering - Well-positioned To Ride On Aerospace & Defense Capex Upcycle.
Price targets by 5 other brokers at ST Engineering Target Prices.
Listing of research reports at ST Engineering Analyst Reports.
Relevant links:
ST Engineering Share Price History,
ST Engineering Announcements,
ST Engineering Dividends & Corporate Actions,
ST Engineering News Articles
